ref: sec/se/185 /2021-22
TRANSCRIPT
Ref: Sec/SE/185 /2021-22
August 11,2021
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 400001
Scrip Code: 531213
National Stock Exchange of India Limited
5th Floor, Exchange Plaza
Bandra (East)
Mumbai – 400051
Scrip Code: MANAPPURAM
Dear Madam/Sir
Sub: Newspaper advertisement of Financial Results for the 1st Quarter ended 30th June
2021
Please find enclosed herewith the copy of Newspaper Advertisement published on 11th August
2021 in Mathrubhumi (Thrissur Edition) and Business Line (All India Edition), of Financial
Results for the 1st Quarter ended 30th June 2021.
Kindly take the same on your record.
Thanking You.
Yours Faithfully
For Manappuram Finance Limited
Manoj Kumar V R
Company Secretary
Ph; +91 9946239999
8/11/2021 Mathrubhumi
https://epaper.mathrubhumi.com/Home/FullPage 1/2
11,2021
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August THRISSUR 13: Vinodam
................KI-XCMYK
KOCHI
BusinessLineWEDNESDAY • AUGUST 11 • 2021 7NEWS
OUR BUREAU
Bengaluru, August 10
Electric scooter maker AtherEnergy said the company willoff�er its proprietary chargingconnector to other OEMs to adopt for their twowheelers, paving the way for an interoperable twowheeler fast chargingplatform for the country.
Tarun Mehta, Cofounderand CEO, Ather Energy, toldBusinessLine that consideringAther is among the oldest electric twowheeler manufacturers, it was the right thing toshare access to its charginginfrastructure.
“This will increase the penetration of electric twowheelersin the country,” Mehta said. Headded that the company willnot charge royalty for anyonewho wants to use Ather’s proprietary technology.
Since its inception, Ather Energy has invested in building afastcharging network, Ather
Grid, and has been providingnormal speed charge optionsto allelectric twowheelers andfourwheelers free of cost.
ConnectorOpening up Ather Energy’sconnector technology will promote the use of a common connector, allowing all electricvehicle (EV) owners to use anyfast charging solution acrossthe country.
Ather’s connector has acombo AC and DC charging. Itssize is designed for integrationinto two and threewheelersand fi�nally, it is designed forproduction at low costs.
Ather Energy charging point
Ather offers charging infra to other OEMs
YATTI SONI
Bengaluru, August 10
Yulu is in talks to raise a $40million funding round for itsnew gig workersfocussedvehicle Yulu DEX. This funding round will be a mix ofequity and debt, CEO AmitGupta told BusinessLine. Thecompany plans to add 10,000Yulu DEX bikes acrossBengaluru, Mumbai, andDelhi in the fi�rst phase, byDecember 2021.
Growing market shareThe company started bikerentals for gig workers lastyear and claims to have seen agreat market response. During India’s second Covid wave,Yulu’s revenue share from gigworker rentals has grown
from singledigit to almost 20per cent of the total revenue.
“Quick commerce companies are getting bigger andmost of these companies require gig workers to deliver aproduct or a service. On theother hand, there are severalpeople in India, who areeither looking for employment or additional income.But, they do not have a drivinglicence or a bike to become agig worker. So we saw this
white space for someone offering mobility as a service,”said Gupta.
As compared to Yulu’speople mobility vehicles, YuluDEX will have an added carrier with a luggage capacity of12 kg, better seats, and highduty shock absorbers. Thesebikes will have a range of 60km per charge, a maximumspeed of 25 km/hr , and wouldnot require a driver’s licenceto ride. Each of these new
bikes costs approximately₹�50,000 to Yulu, which theyrent to gig workers for a dailyfee of ₹�200 along with refundable security of another₹�200. Yulu DEX is said to save30 per cent costs for gig workers as compared to what theyspend with petrolpoweredvehicles.
Cost-effective vehicleAccording to Gupta, a typicaldelivery guy uses Yulu foraround 6070 km. In comparison, if he used a petrolvehicle for the same distance,the cost of fuel tself will be₹�200. In addition to the fuelcosts, he will also have to paythe EMI, repair, and maintenance, etc, for that vehicle. Sothe notional cost is another₹�125250.
Currently, 1,500 out of 7,500Yulu bikes in Bengaluru arebeing used by the gig workers.
Plans to add
10,000 Yulu DEX
bikes by December
Bikes for gig workers: Yulu to raise $40 million
Yulu’s revenue share from gig worker rentals has grown from
single-digit to almost 20 per cent of the total revenue.
M RAMESH
Chennai, August 10
Bounce, the Bengaluruheadquartered scooter rentalstartup, has begun replacingits fl�eet of 30,000 petroldrivenscooters with electric scooters.Rather than buy the vehiclesfrom someone else, Bouncewould make them inhouse,the company’s CoFounder, H RVivekananda, told Business-
Line today.For this purpose, Bounce
today announced its partnership with another startup,Chara, which manufactures‘switched reluctance motors’,which are magnetfree motors.Chara will design the motors,which will then be manufactured by a third party and supplied to Bounce.
Bounce’s off�er is this: book aBounce scooter on an app,pickup a nearby vehicle anddrop it off� at any destination,for ₹�6 per km (though if yourdestination is some far off�
place, there could be an additional charge).
To the customers, Bounce ismuch cheaper than a taxi or anautorickshaw. As for Bounce,there is a clear profi�t in everykilometre the customer rides.
For charging, Bounce hastiedup with several localmomandpop stores and hasso far done “over 10 million EVkilometers using this network”.
The company has done 35million rides so far, since its inception in 2019. The service isin several cities, but mostly inBengaluru. In the preCovidtimes, Bounce averaged 1.2 lakhrides a day, earning a revenueof ₹�7080 lakh daily.
Vivekanand said that Bouncehas raised about $200 millionso far. In January 2020, thecompany raised $105 millionfrom a group of investors ledby Accel Partners and FacebookCoFounder, Eduardo Saverin’sB Capital Group.
Bounce to replace petrolwith 30,000 escooters
K V KURMANATH
Hyderabad, August 10
If the fi�rst quarter export numbers are any indication, the information technology industryis poised for a 89 per centgrowth in exports in the current fi�nancial year.
The IT companies attached tothe STPI have registered exportsof ₹�1.20lakh crore in the fi�rstquarter ended June 30, 2021.
“During the pandemic year,the IT industry displayed greatresilience to global disruptionsand delivered services and solutions to their clients across theglobe,” Omkar Rai, DirectorGeneral of Software Technology Parks of India (STPI), hassaid.
The growth was triggered byfactors like signifi�cant adop
tion of cloud and emergingtechnologies by enterprisesacross industry verticals andrapid digitisation by MSMEs(micro, small and medium enterprises) to becomecompetitive.
STPI units“During the fi�rst quarter ofFY22, the STPIregistered unitsrealised ₹�1.2lakh crore exports,which would rise further in thecoming quarters,” he said.
There are about 5,100 unitsregistered under the STPI in dif
ferent parts of the country. Thequantum of exports, however,was a tad lower than ₹�1.27lakhcrore recorded in the samequarter last year.
The STPI executive, however,contended that the numberswere not comparable as thepresent quarter was precededby a prolonged pandemic,while the fi�rst quarter of lastyear was preceded by a normalyear.
“The H1 (fi�rst half) numberswould be more appropriate tocompare as that would refl�ectthe situation better then,” hesaid.
Growth driversPegging a growth rate of 89 percent in exports for 202122, theSTPI said fi�ntech, medtech,edutech and gametech woulddrive growth in the remainingthree quarters.
The STPI, in fact, has up
wardly revised the growth forecast. In April 2021, the STPI hadforecast that the exports wouldgrow at 56 per cent.
With the demand for digitaltransformation growing signifi�cantly, the STPI has revised thegrowth estimates for the current fi�nancial year.
As the businesses embracetechnologies like artifi�cial intelligence, machine learning,blockchain, big data analytics,augmented reality and virtualreality, the STPI expected a highsingledigit growth rate duringthe year.
The STPIregistered companies have registered exportsworth ₹�5.01 lakh crore during202021 against ₹�4.60 lakhcrore in 201920.
Karnataka topped the listwith ₹�2.05 lakh crore, followedby Maharashtra with ₹�96,805crore and Telangana with₹�84,775 crore.
STPI pegs 8-9%
growth in 2021-22
Omkar Rai
Braving pandemic, IT sector clocksexports of ₹�1.20lakh crore in Q1
OUR BUREAU
New Delhi, August 10
Max Financial Services Limited (MFSL) on Tuesday reported a 49 per cent sequential decline in consolidatednet profi�t for the fi�rstquarter ended June 30 at ₹�36crore as compared to netprofi�t of ₹�70 crore recordedin the previous Marchquarter.
On a yearonyear basis,net profi�t for the quarter under review declined 80 percent from net profi�t of ₹�182crore recorded in the samequarter last fi�scal.
Total income for thequarter ended June 30, 2021too declined sequentially by39 per cent to ₹�5,943 crore ascompared to total income of9,760 crore in the previousMarch quarter. However, thetotal income for the quarterunder review was up 7.7 percent as compared to total income of ₹�5,517 crore in samequarter last fi�scal.
MFSL’s sole operating subsidiary, Max Life registered a32 per cent jump in newbusiness premium (on APEbasis) to ₹�875 crore duringthe quarter under reviewfrom ₹�661 crore in the yearago period.
Max FinancialServices netdown 49% in Q1sequentially
OUR BUREAU
Bengaluru, August 10
Food delivery aggregator Zomato has posted a consolidated loss of ₹�356.2 crore during the quarter ended June30, 2021. A year ago, sameperiod, the loss was ₹�99.8crore.
Zomato’s total revenuefrom operations jumped to₹�844.4 crore during thequarter under review, compared with ₹�266 crore in thecorresponding period lastyear.
In a fi�ling with the stock exchanges, the company saidrevenue growth was largelyon the back of growth in itscore food delivery businessthat continued to grow despite the severe Covid wavestarting April.
On the other hand, Covidsignifi�cantly impacted thediningout business in Q1FY22 reversing most of thegains the industry made inQ4 FY21. Q1 FY22 was also oneof the most challengingquarters for our team. “As thesecond Covid wave ravagedthe nation, we were leftscrambling to work on multiple things at the same time.At the peak of the secondwave, almost 35 per cent of
our employees were battlingCovid in their households,”the statement said.
It said its India food delivery business continues to remain contribution positive;although the contributionmargin reduced slightly inQ1 FY22 as compared to theprevious quarter on accountof growing investments inaddition to the costlier business environment (due tolockdowns) in which thisgrowth was achieved.
Payout structureThe statement added thatduring the course of the year,the company has redesignedits payout structure for its delivery partners. “We added anadditional fee for longdistance and increase in fuelprices (among other variables) to ensure delivery
partners are fairlycompensated.”
The subsequent increasein their earnings per order is15 per cent higher than whatit was about a year ago. Thecompany has increased(1.5x2x, depending on delivery partner’s age and qualityon the platform) the existingcash limit for its deliverypartners, enabling them toutilise cash collected fromcashondelivery orders fortheir own spends, therebyimproving the availableworking capital with themfor their midweek spends.
This outstanding amountis adjusted against theweekly payout, saving the delivery partners time, trips,and cashinhand defi�cits.The company said it let go ofphysical onboarding centresfor new delivery partners.
Covid eats into
food delivery
aggregator’s biz
Zomato posts Q1 loss of ₹�356 cr
Covid hit the dining-out business in Q1FY22, reversing most of the
gains the industry made in Q4 FY21
BL Kochi / 1 News_04 User: cci 22:01:55 Replate Reason: